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| a market is considered an oligopoly if the 4 firm concentration is |
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Definition
| the board of directors of a corporation is elected by the |
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| the rule of reason, which states that only unreasonable combinations in restraint of trade are illegal was enunciated in the |
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| which of the following market structures best describes the U.S. auto industry |
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| shows the percentage of total sales or production accounted for by the four largest firms in an industry |
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Definition
| the market concentration ratio |
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| the supreme court case that reestablished sheer size as a per se violation of the antitrust laws was the |
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| when daimler benz merged with chrysler, this was an example of a |
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| oligopoly is the only market structure in which one finds |
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Definition
| two merging firms at different stages in production is called |
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Definition
| a merger is considered anti-competitive if the HHI is |
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Definition
| If Smith Steel buys Kennedy Iron Ore Co. to assure itself of a constant flow of ore, this is an example of a |
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Definition
| a per se violation of the Sherman Act is |
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| rejected in appellate court |
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Definition
| the heinz beach-nut merger was |
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Definition
| government intervention in business that focuses on production conditions and product quality is called |
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Definition
| if there are ten equal sized firms in an industry, the Herfindahl-Hirschman index would be |
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Definition
| a particular industry has only a few competitors, who have some at least some control over price. Entry into the industry is difficult. This industry is an example of |
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Term
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Definition
| In the United States most cartels were declared illegal by the |
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Definition
| the law that closed a loophole in an earlier law that allowed firms to merge to monopoly by buying a firm's assets rather than its shares was the |
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| sum of the squared market shares of all firms in an industry |
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Definition
| The Herfindahl-Hirschman index measures market share as the |
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Term
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Definition
| a hollywood movie studio buys a video rental company. this is a |
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Definition
| if there are two equal sized firms in an industry, the Herfindahl-Herschman Index would be |
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Term
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Definition
| profit-maximizing cartels choose price equal to |
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Term
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Definition
| if Donovans Corp buys the majority of Strong Corp's stock and Strong is in the same business, then the purchase is called a |
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Definition
| if there are two large firms, each with one-quarter of the market, and ten firms, each with one-twentieth of the market, in an industry, the market concentration ratio will be |
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Term
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Definition
| the lengthy delays for hearings and appeals over proposed rate increases by a natural monopoly are known as |
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Definition
| in the case discussed in class, the proposed merger as between |
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| competition allocates resources more efficiently than monopoly does |
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Definition
| many economists believe that competition is preferable to monopoly because |
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Definition
| which term describes the laws and govt sanctions to prevent monopolies and monopolistic behavior |
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Term
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Definition
| the term commonly used to describe the view fro deregulation is |
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Term
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Definition
| the antitrust law that made "every contract, combination... or conspiracy, in restraint of trade" illegal was the |
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Definition
| the shareholders of a corporation must approve a merger plan by |
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Definition
| the behavior of Standard Oil was declared ________ under the Sherman Act of 1890 |
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Term
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Definition
| the merger of chemical bank and chase manhattan bank was an example of a |
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Definition
| the two Federal agencies assigned to investigate mergers are |
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Term
| cost data presented was inaccurate |
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Definition
| the baby food merger case discussed in class was disallowed because |
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Term
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Definition
| A real estate development firm, buys 80 percent of the stock of a window glass company. This is an example of |
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Definition
| a merger in which similar products are produced is |
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Definition
| which of the following fields is concerned with understanding the choices people make in using scarce resources |
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| a process in which two or more firms combine is called |
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